Houston Rents Climb

Houston rents continue to climb: Guess what surprising neighborhood is most expensive

Houston rents climb: Guess what neighborhood is most expensive

Houston's average apartment rentals topped out as the second most expensive in the state and 24th nationwide in December 2014, according to ApartmentList, an online apartment rental marketplace that recently released a nationwide report monitoring rental activities in the top 100 cities across the county.

 Houston rents average $1,040 based on two-bedroom units, an increase of 4.9 percent over the previous year. 

Guess what part of town has the highest rents? Downtown Houston, where a unit averages $2,560, more than double the average rent on a two-bedroom unit in the Bayou City. (Another recent study by real estate blog Movoto reveals the downtown ZIP code 77010 is the second wealthiest in the nation with residents there earning an average per capita income of $212,425.)

In the ApartmentList survey, Houston rents average $1,040 based on two-bedroom units, an increase of 4.9 percent over the previous year. Only Austin's average apartment rentals are higher at $1,190. Dallas has an average of $910 while San Antonio's rentals are even cheaper at $830 and Fort Worth averages $780.

Nationwide, rents are highest in New York City, with an average of $3,250. Fort Wayne, Ind., and Toledo, Ohio, tied for the lowest of the 100 largest cities with average two-bedroom rentals at $760.

apartment for rent sign on telephone pole
Houston rents climbed 4.9 percent over the previous year. BrunchNews.com